Popeyes Louisiana Kitchen Inc (PLKI) : Aristotle Capital Boston scooped up 2,314 additional shares in Popeyes Louisiana Kitchen Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 142,206 shares of Popeyes Louisiana Kitchen Inc which is valued at $8,095,788.Popeyes Louisiana Kitchen Inc makes up approximately 1.55% of Aristotle Capital Boston’s portfolio.
Other Hedge Funds, Including , Guggenheim Capital reduced its stake in PLKI by selling 923 shares or 4.26% in the most recent quarter. The Hedge Fund company now holds 20,749 shares of PLKI which is valued at $1,181,241.Menta Capital reduced its stake in PLKI by selling 6,520 shares or 46.05% in the most recent quarter. The Hedge Fund company now holds 7,639 shares of PLKI which is valued at $434,888. Popeyes Louisiana Kitchen Inc makes up approx 0.06% of Menta Capital’s portfolio.Martingale Asset Management L P reduced its stake in PLKI by selling 999 shares or 6.75% in the most recent quarter. The Hedge Fund company now holds 13,807 shares of PLKI which is valued at $786,033. Popeyes Louisiana Kitchen Inc makes up approx 0.01% of Martingale Asset Management L P’s portfolio.Blackrock Institutional Trust Company N.a. reduced its stake in PLKI by selling 14,621 shares or 2.56% in the most recent quarter. The Hedge Fund company now holds 555,746 shares of PLKI which is valued at $31,638,620.State Board Of Administration Of Florida Retirement System reduced its stake in PLKI by selling 1,704 shares or 7.69% in the most recent quarter. The Hedge Fund company now holds 20,456 shares of PLKI which is valued at $1,170,901.
Popeyes Louisiana Kitchen Inc opened for trading at $54.64 and hit $55.55 on the upside on Wednesday, eventually ending the session at $55.45, with a gain of 1.13% or 0.62 points. The heightened volatility saw the trading volume jump to 122,669 shares. Company has a market cap of $1,180 M.
On the company’s financial health, Popeyes Louisiana Kitchen Inc reported $0.47 EPS for the quarter, based on the information available during the earnings call on Aug 16, 2016. Analyst had a consensus estimate of $0.47. The company had revenue of $61.70 million for the quarter, compared to analysts expectations of $63.50 million. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.
Many Wall Street Analysts have commented on Popeyes Louisiana Kitchen Inc. Shares were Reiterated by Maxim Group on May 26, 2016 to “Buy” and Lowered the Price Target to $ 60 from a previous price target of $64 .
Popeyes Louisiana Kitchen Inc. (Popeyes) develops operates and franchises quick-service restaurants (QSRs or restaurants) under the trade names Popeyes Chicken & Biscuits and Popeyes Louisiana Kitchen. The Company operates through two segments: franchise operations and company-operated restaurants. Within the QSR industry Popeyes offers Louisiana style menu that features spicy chicken chicken tenders fried shrimp and other seafood red beans and rice and other regional items. The Company has approximately 340 franchisees operating restaurants within the Popeyes system. Its domestic franchisee operates approximately 132 restaurants and its international franchisee operates approximately 109 restaurants. The Company operates and franchises approximately 2379 Popeyes restaurants in 48 states the District of Columbia three territories and 26 foreign countries.